Properly executed, divesting operations that no longer are a strategic fit redeploys resources and improves focus. With extensive experience in handling numerous corporate divestitures, Morgan Keegan's widespread resources ensure we get things done when we say they will be done.
Carrier Corporation Transaction Client Focus
Client: Carrier Corporation
Carrier Corporation has over 39,000 employees and is the world's largest manufacturer of heating, air conditioning and refrigeration systems and equipment. A wholly owned subsidiary of United Technologies Corporation (NYSE: UTX). Morgan Keegan has completed four divestitures for Carrier.
Assignment
We've handled the divestitures of multiple operating divisions, including Ardco Flat Glass Division, Ardco Bent Glass Division, Granby Steel Tanks and A1 Components Corp.
Reason for Divestiture
Sale of non-core holdings previously accumulated as part of other larger acquisitions over the years.
